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>> i can tell you because i have seen it in country after country and economy after economy. it's going to take an explosion in the financial markets, specifically interest rates. there you have another side show going on. it's the federal reserve with the policies that are running and cancelling the signals to the market that would cause congress to act. jeff and i, we have this humorous analogy. the bond market's banker -- i'm sorry. the government's banker is the bond market. they are the one that sets his rate. for the viewers, engine huh a credit card. imagine if you made $30,000 or $40,000 a year. they said borrow all you want and the cost will be zero. okay? you can borrow a million or two million or $3 million. you are making $30,000 or $40,000 a year. pretty good. at some point your banker calls and goes you are only making 40 grand a year. we will raise the rate from zero to 18%. that is what the bond market -- if we don't address this, what they will do in the next 10 or 15 years. that's how bond marks act. in greece in february of 10 there was no problem at all. u
>> i can tell you because i have seen it in country after country and economy after economy. it's going to take an explosion in the financial markets, specifically interest rates. there you have another side show going on. it's the federal reserve with the policies that are running and cancelling the signals to the market that would cause congress to act. jeff and i, we have this humorous analogy. the bond market's banker -- i'm sorry. the government's banker is the bond market. they are...
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Mar 1, 2013
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for that new economy. it has to happen. otherwise we are rome. >> some people like paul krugman don't believe that medicare and medicaid are a crisis. he says let's wait till 2025, wait till the programs start going under, then we can address it. just to be clear, that's not the president's position, right? he knows we've got to take care of entitlements before 2025? >> he's started to do it. we started to do it in the affordable care act. >> that, in fact, was one of the rationales behind the affordable care act, to try and reduce the cost of medicare, reduce the cost of health care and extend the life of medicare, did by ten years, as you know, governor romney ran around the country attacking the president for cutting medicare during the campaign. >> the president understands, we still have to go back and take -- hold on. let me ask this because i want to get it on the record here. the president does understand -- and this is -- you know, we've talked privately. >> yes. >> you've assured me for four year
for that new economy. it has to happen. otherwise we are rome. >> some people like paul krugman don't believe that medicare and medicaid are a crisis. he says let's wait till 2025, wait till the programs start going under, then we can address it. just to be clear, that's not the president's position, right? he knows we've got to take care of entitlements before 2025? >> he's started to do it. we started to do it in the affordable care act. >> that, in fact, was one of the...
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Nov 6, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses i started part-time, now i'm a manager.n. my employer matches my charitable giving. really. i get bonuses even working part-time. where i work, over 400 people are promoted every day. healthcare starting under $40 a month. i got education benefits. i work at walmart. i'm a pharmacist. sales associate. i manage produce. i work in logistics. there's more to walmart than you think. vo: opportunity. that's the real walmart. so delicious, they won't even know it's chicken. 50% less fat... 100% johnsonville taste. s >> i put together a short informational video that i hope will keep other cities from going through an embarrassment toronto is going through. >> how to tell i
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses i started part-time, now i'm a manager.n. my employer matches my charitable giving. really. i get...
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Mar 5, 2013
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a deeply depressed economy. >> but in this problem you predicted, it's still with us. >> but the opportunity to pay down some debt in advance, we missed that. now we need to run budget deficits and the difficulty we're having is that 2 1/2 years ago, the conversation in washington totally turned away from creating jobs to deficit issues as if the deficit, which is a problem for 10 years, 15 years, 20 years out, as if that were the crucial issue we needed to deal with now, and it is not. so i've also learned a few things, you know, in the last 15 years. so using things i said in 1997 is not actually the best way to analyze my views now. but the main thing is -- >> this is what you said in 2 0 2005. medicare and medicare will greatly increase the deficit. that will make argentina look like a model of responsibility. >> well, things have changed since then too. >> since 2005? >> got a little mad there. it got really intense. we're going to to show more. >> didn't like me quoting him, actually. it's a real question
a deeply depressed economy. >> but in this problem you predicted, it's still with us. >> but the opportunity to pay down some debt in advance, we missed that. now we need to run budget deficits and the difficulty we're having is that 2 1/2 years ago, the conversation in washington totally turned away from creating jobs to deficit issues as if the deficit, which is a problem for 10 years, 15 years, 20 years out, as if that were the crucial issue we needed to deal with now, and it is...
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economy. we do know that bad things probably happen. we also assume that house republicans at the end of the day will blink on this. i just would not make that assumption. i would look back to that tax vote after christmas. three-quarters of the republican party did not go along with speaker boehner on the compromise on increasing taxes. these guys don't care what leadership has to say about this issue. they want to shrink government. they were elected to shrink government. and whether it's defaulted, whether it's shutting down the government, whether it's allowing sequestration to kick in, they're going to make it happen in the next couple of months. and nobody knows how that will play out. >> we may just find out what happens when we reach the debt limit. jim, in spite of what the white house's grand plans for gun reform may be, there still may be not a lot of backing in congress. if you look at even republicans in the midwest and republicans in the north, how does this play out right now in congress? >> well, right. there's going to
economy. we do know that bad things probably happen. we also assume that house republicans at the end of the day will blink on this. i just would not make that assumption. i would look back to that tax vote after christmas. three-quarters of the republican party did not go along with speaker boehner on the compromise on increasing taxes. these guys don't care what leadership has to say about this issue. they want to shrink government. they were elected to shrink government. and whether it's...
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>> i think it's more about the economy does for the president what the economy did for ronald reagan after the economy did for bill clinton after monica lewinsky and what it didn't do for president bush. we spent a lot of team i know some people hate the analogies, health care, it politically the impact right now, yeah, politically right now, though, it is the same. >> prbt bush didn't recover. president reagan did recover. what were the deferences? >> one thing this president has potentially in his favor is this improving economy. i think podesa knows how to do like he did with clinton how to use the executive branch to look leak you are doing things. it really is. the economy is truly finally recovering, next year is a takeoff 84. that's how the president recovers. >> mark halperin asked the question on the twitter. if john podessa is the answer, what is the question? i have the answer for you, to me they haven't failed to be combative enough. they haven't failed to be left leaning enough. they haven't failed to use the executive powers enough. they have failed in every other area.
>> i think it's more about the economy does for the president what the economy did for ronald reagan after the economy did for bill clinton after monica lewinsky and what it didn't do for president bush. we spent a lot of team i know some people hate the analogies, health care, it politically the impact right now, yeah, politically right now, though, it is the same. >> prbt bush didn't recover. president reagan did recover. what were the deferences? >> one thing this president...
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economy. this week president obama's national economy tour resumes as investors on wall street wait for july's jobs report which will be released this friday. tomorrow the president will speak in tennessee where areche talk about private sector growth and jump starting new jobs. any progress could be derailed by the threat of another government shut down over raising the debt ceiling. jack lew joined "meet the press" yesterday to call on congress to get a deal done. >> the fight over the defendant limit in 2011 hurt the economy, even though in the end we saw an extension of the debt limit. we saw confidence fall and it hurt the economy. congress needs to do its job and pass a debt limit. they cannot fix the problems created by the across-the-board cuts known as sequestration by cutting domestic priorities by funding defense. that's unacceptable, he won't do that. >> steve rattner, what do we see regarding this struggle that we haven't seen before? >> we have two potential government shutdowns.
economy. this week president obama's national economy tour resumes as investors on wall street wait for july's jobs report which will be released this friday. tomorrow the president will speak in tennessee where areche talk about private sector growth and jump starting new jobs. any progress could be derailed by the threat of another government shut down over raising the debt ceiling. jack lew joined "meet the press" yesterday to call on congress to get a deal done. >> the fight...
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when it wasn't a 24/7 economy. when your work started at a specific time and ended at a specific time. we need to reinvent the relationship between work and our lives. >> yeah. >> and then we won't have to make decisions that look like, okay, i'm going to do this and then i'm going to do that. >> okay. this is an ongoing conversation. lisa belkin, kuae, thank you so much. up next, new unemployment numbers crossed just a few moments ago. cnbc's kelly evans has today's business headlines straight ahead. keep it right here on "morning joe." ng out of pipe. sfx: birds chirping. a quarter million tweeters is beare tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. hing, helicopthierhis hibuzzing, andk engine humming. sfx: birds chirping sfx:
when it wasn't a 24/7 economy. when your work started at a specific time and ended at a specific time. we need to reinvent the relationship between work and our lives. >> yeah. >> and then we won't have to make decisions that look like, okay, i'm going to do this and then i'm going to do that. >> okay. this is an ongoing conversation. lisa belkin, kuae, thank you so much. up next, new unemployment numbers crossed just a few moments ago. cnbc's kelly evans has today's business...
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only ford gives you ecoboost fuel economy aa whole lot more. go further. us in the studio. [ female announcer ] are you sensitive to dairy? then you'll love lactose-free lactaid® it's 100% real milk that's easy to digest so you can fully enjoy the dairy you love. lactaid®. for 25 years, easy to digest. easy to love. f-f-f-f-f-f-f. lac-lac-lac. he's an actor who's known for his voice. but his accident took that away. thankfully, he's got aflac. they're gonna give him cash to help pay his bills so he can just focus on getting better. we're taking it one day at a time. one day at a time. [ male announcer ] see how the duck's lessons are going at aflac.com >>> it's been three months since the tornado of epic proportions swept through moore, oklahoma. thomas, can you believe it? we were there. unbelievable. >> hard to believe three months has gone by. >> of course that means, of course, that three months the kids are going back to school. of course, after the tornado, class was canceled for the rest of the year. certainly tragedy there. we heard that firsthan
only ford gives you ecoboost fuel economy aa whole lot more. go further. us in the studio. [ female announcer ] are you sensitive to dairy? then you'll love lactose-free lactaid® it's 100% real milk that's easy to digest so you can fully enjoy the dairy you love. lactaid®. for 25 years, easy to digest. easy to love. f-f-f-f-f-f-f. lac-lac-lac. he's an actor who's known for his voice. but his accident took that away. thankfully, he's got aflac. they're gonna give him cash to help pay his bills...
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they want to wait till the economy is better. because if the economy is growing, you don't have to cut things as much, right? that's what he wants. >> but, listen. but this isn't even the paul krugman argument which is don't cut now. it will hurt the economy. this isn't a keynesian argument. i'm talking about medicare and social security. i'm talking about 20 years from now. >> but the 20-year numbers look a lot better if -- i think what a lot of democrats are hoping is the deal that they just did gets the economy growing by the middle of the year while this stuff is still being debated. and you can then cut a lot less from entitlements because the projections look better if we have higher economic growth, lower payments going out. >> all right. >>> coming up, nbc news political director, chuck todd, joins us. also former u.s. comptroller general dave walker on his thoughts on the fk deal that managed to add $4 trillion of debt. also, the latest on secretary clinton's blood clot health scare. we'll discuss the medical and politic
they want to wait till the economy is better. because if the economy is growing, you don't have to cut things as much, right? that's what he wants. >> but, listen. but this isn't even the paul krugman argument which is don't cut now. it will hurt the economy. this isn't a keynesian argument. i'm talking about medicare and social security. i'm talking about 20 years from now. >> but the 20-year numbers look a lot better if -- i think what a lot of democrats are hoping is the deal...
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whether on health care or the economy. that dissipated and the rnc walked away and they are trying to come become with some messaging and doing a tour and they are tone def to what's going on out there. people are tolling what they want. >> they make people feel unwelcome. you had marco rubio on the stage at the republican convention, but you had joe arpaio from arizona who is such an advocate of the immigration laws and people advocating for them. you had the voting id laws. people are made to feel unwelcome and you combine that with legitimate rape and you have driven off everybody. >> don't forget what virginia tried to pass. let's see how that helps you in the suburbs of washington. north korea state media said they successfully detonated a nuclear device to coincide tonight. the report said the underground test was the most powerful to date and imposed by the united nations to find earlier resolutions. we have the chief correspondent and jim, what are you hearing at pentagon? >> u.s. intelligence officials knew it was
whether on health care or the economy. that dissipated and the rnc walked away and they are trying to come become with some messaging and doing a tour and they are tone def to what's going on out there. people are tolling what they want. >> they make people feel unwelcome. you had marco rubio on the stage at the republican convention, but you had joe arpaio from arizona who is such an advocate of the immigration laws and people advocating for them. you had the voting id laws. people are...
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it's a derivative of the economy. you don't make that decision unless you have some belief in the general economic health of the environment. so you have to come up with your decision, your personal decision, with respect to the economy. and then you should always be informed with respect to the investment you make. and i always believe what warren says. you invest in what you know. so then you make decisions from that point of view. >> is your general economic outlook positive for the next two to four years? >> you go first. >> wow. wow! >> they're not flipping a coin. >> i would say yes. >> okay. >> we'll do secret ballot. >> i think i'm more muted than that. >> yeah. >> i think there will be a reasonable trudging along as we have done for the last number of years. >> man. >> i do believe as much as i said, the investment more rihor it's not impacting investors today. that situation will change. i don't want want to minimize that the dysfunction in washington has to change. it's a cliff will hit, wall we'll hit, we'
it's a derivative of the economy. you don't make that decision unless you have some belief in the general economic health of the environment. so you have to come up with your decision, your personal decision, with respect to the economy. and then you should always be informed with respect to the investment you make. and i always believe what warren says. you invest in what you know. so then you make decisions from that point of view. >> is your general economic outlook positive for the...
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our fight, our sweet spot has been on the economy. let's talk about the debt and the things that joe put out there about creating that environment for folks and mika is likely to go back and forth. that's the sweet spot. we distracted folks away from the conversation to do something and on the turf that quite frankly we were not going to win. >> i heard that echoed in political circles. from a purely political point of view, that probably makes a lot of sense. folks have said it would be better for the person party to say let it self implode and blame the democratsment there is a lot of folks, myself included that don't think that way. having the calamity and lives hurt and jobs lost and people kicked off insurance plans and all the people that would be hurt. we don't think that way. the president thinks that way. let's shut the open air monument and make sure we don't get the money through to those that lost their husbands in afghanistan. try to make it as painful as possible to gain political advantage. republicans don't think that
our fight, our sweet spot has been on the economy. let's talk about the debt and the things that joe put out there about creating that environment for folks and mika is likely to go back and forth. that's the sweet spot. we distracted folks away from the conversation to do something and on the turf that quite frankly we were not going to win. >> i heard that echoed in political circles. from a purely political point of view, that probably makes a lot of sense. folks have said it would be...
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i'm trying to grow the economy. the democrats are trying to grow government. >> senator, we have a major trade organization in asia. do you think the president could get bipartisan support in the senate and beyond for trade agreement? >> i would like to see that. i was in germany with vice president biden meeting with the germans on this issue of european trade. i think it's important and helps our country significantly and i would like to work with the president to accomplish that. >> you probably would have the requisite bipartisan support from his owner party which has always been the issue. >> that's the issue. he would have bipartisan system and i would encourage democrats to join us. >> let's talk about how we get to where we get. obviously you look at democratic bills and the republican bill and they differ in many areas, but there is has been a focus on cutting discretionary spending instead of the long-term problems with medicare and medicaid and social security. do you think the republicans in the senate a
i'm trying to grow the economy. the democrats are trying to grow government. >> senator, we have a major trade organization in asia. do you think the president could get bipartisan support in the senate and beyond for trade agreement? >> i would like to see that. i was in germany with vice president biden meeting with the germans on this issue of european trade. i think it's important and helps our country significantly and i would like to work with the president to accomplish that....
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consumer confidence will go down if the economy's worse, it will go up. if we get a couple of good jobs reports and people are hiring, consumer confidence goes up. it's not independent, though, of course, it does have its own effect and people are concerned. i want to add one more things to this job report. brian correctly mentioned the december jobs revision and it's really important, these revisions frankly matter more than the number for this month because they're just a lot more accurate. and the december revision is up 40,000. the november revision, i want to get the numbers right, because they're kind of shocking. the november revision is up from 161,000 to 247,000. >> wow. >> it's gone up almost 100,000. now, one thing to be said about this jobs report, this is an annual rebenchmarking, they are looking back at the jobs report and getting their models to fit the way the actual economy, the way the actual labor market looks and they should be significantly more accurate. that's a huge revision. the jobs report, the headline isn't the 157,000 jobs fo
consumer confidence will go down if the economy's worse, it will go up. if we get a couple of good jobs reports and people are hiring, consumer confidence goes up. it's not independent, though, of course, it does have its own effect and people are concerned. i want to add one more things to this job report. brian correctly mentioned the december jobs revision and it's really important, these revisions frankly matter more than the number for this month because they're just a lot more accurate....
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. cinnamon and sugar so delicious. oh yeah. the cinna-sweet taste you just can't resist. cinnamon toast crunch. crave those crazy squares®. losing thrusters. i need more power. give me more power! [ mainframe ] located. ge deep-sea fuel technology. a 50,000-pound, ingeniously wired machine that optimizes raw data to help safely discover and maximize resources in extreme conditions. our current situation seems rather extreme. why can't we maximize our... ready. ♪ brilliant. let's get out of here. warp speed. ♪ >>> time for a little sports here. a little nba where the rivalry seems to be brewing with the thunder and the clippers. thunder up six in the second. blake griffen gets tangled up going for a rebound and it get
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. cinnamon and sugar so delicious. oh yeah. the cinna-sweet taste you just can't resist. cinnamon toast crunch. crave those crazy squares®. losing thrusters....
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the economy boomed but you had very low inequality. who is actually looking out for the american worker? the answer is nobody. >> we are losing equal opportunity in america. >> any one of you who feels cynical just consider where we have been. >> that was an exclusive first look at the trailer for the documentary "inequality for all." here the film's consultant and featured expert, labor professor at berkeley, robert reich and the film's director jay cocob kornbluth. it looks good. >> mr. secretary, an ongoing problem. income for -- real income has been dropping for 30, 40 years. the rich are getting richer. the poor are getting poorer. technological revolution that helped so many get rich hallowed out the middle class. where do we go from here? >> the reality, joe, is that almost every other industrialized country has done it better than we have. over the long term. that is, infant mortality is worse here, the median wage here keeps going down. it's going up elsewhere. you know, these structural problems are endemic around the world,
the economy boomed but you had very low inequality. who is actually looking out for the american worker? the answer is nobody. >> we are losing equal opportunity in america. >> any one of you who feels cynical just consider where we have been. >> that was an exclusive first look at the trailer for the documentary "inequality for all." here the film's consultant and featured expert, labor professor at berkeley, robert reich and the film's director jay cocob kornbluth....
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they both take money out of the economy. they both slow the economy. and, yes, they create this idea of austerity. but, look, it's a balancing problem. you need on the one hand to deal with as you well know budget deficits and debt. and on the other hand you need to keep growth going. here's an interesting thing i saw over the weekend just briefly. the recession in greece which is actually a depression, if you line it up against the u.s. great depression in 1929, it looks a lot a like in terms of how much unemployment there is, how much the economy has contracted. greece is having our great depression of the late 1920s. >> wow. >> all right. moving on to washington now. >> a lot nicer setting. >> president obama's renewed push for a grand bargain may be showing some early signs of paying off, at least with one top republican. senator bob corker of tennessee says he could envision raising tax revenue if democrats embrace big changes to medicare and social security. corker's position on sunday puts him at odds with other members of his party, including h
they both take money out of the economy. they both slow the economy. and, yes, they create this idea of austerity. but, look, it's a balancing problem. you need on the one hand to deal with as you well know budget deficits and debt. and on the other hand you need to keep growth going. here's an interesting thing i saw over the weekend just briefly. the recession in greece which is actually a depression, if you line it up against the u.s. great depression in 1929, it looks a lot a like in terms...
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there is just so much, you know, influence given to that sector of the economy. and so many of the people in government, not just on capitol hill, but in the white house are s sympathetic to the banks and investment. >> jon meacham, a republican that went out talking about breaking up the banks, ending too big to fail, ending carried interest, ending a tax code that makes billionaires pay half what their secretaries pay, i think that republican would catch fire and would start being able to cobble together a reagan-type coalition. >> i think so. and what's so interesting about the bair op-ed, that's essentially a jacksonnian op-ed, the interests of the few and the many. what i think is so remarkable about the last five years is even after the crash, the real weakness of economic populism in the country. we continue to be driven more by cultural populism even when we make the intellectual arguments that bair is making and that margaret alludes to. >> i think this is why some would say that the republicans are failing in this sequestration battle because who would
there is just so much, you know, influence given to that sector of the economy. and so many of the people in government, not just on capitol hill, but in the white house are s sympathetic to the banks and investment. >> jon meacham, a republican that went out talking about breaking up the banks, ending too big to fail, ending carried interest, ending a tax code that makes billionaires pay half what their secretaries pay, i think that republican would catch fire and would start being able...
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merkel's popularity is attributed to a strong economy and low unemployment rate. >> the german economy has just been extraordinary. compared to all the other countries. actually event fiscally responsible. >> $270 million worth of cocaine found on an air france flight. several people have been taken infor questioning. >> overseas in sydney, the sydney morning herald a flight was delaid out of australia after a snake tried to hitch a ride. it was discovered on a qantas plane. 370 passengers were inconvenienced by the unwelcomed guest. the snake was about seven inches long. why don't they grab it and take it off. >> at that lot of aviation in our news reports. >> do we have any highlights, t.j. of like squirrels water skating? >> next hour. >> you want to do the emmemmys. louie berg dover put out his best dress. sophia from "modern family." claire danes. claire danes won best actress for "homeland." >> that's a pick? >> john hamm. we like him. he's a good guy. >> you don't like that beard? >> no, i don't. >> how about without the beard. >> without the beard. >> but even with the beard i'
merkel's popularity is attributed to a strong economy and low unemployment rate. >> the german economy has just been extraordinary. compared to all the other countries. actually event fiscally responsible. >> $270 million worth of cocaine found on an air france flight. several people have been taken infor questioning. >> overseas in sydney, the sydney morning herald a flight was delaid out of australia after a snake tried to hitch a ride. it was discovered on a qantas plane....
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the share of our economy going to work has gone down. why? because of globalization where companies can source their labor any way they want all around the world often at lower prices where workers can't demand pay increases. so the connecting fiber here, joe, is high corporate profits because they've been able to lower their labor costs. which means lower family incomes. and that's really what's been going on in this economy. >> jean, the fall of 2008, terrible for a lot of people and their retirement plans. >> absolutely. >> it's come back a little bit. what do we do? >> it hasn't come back a little bit. it's actually come back a lot. when you look -- and i want to go -- can i go to chart three before i go to chart one or chart two? >> yes. >> the people that we're most worried are the people closest to retirement. as always, they have the least amount of time to recover from a big dip in the stock market. if you can continue to participate in your 401(k), if you continued -- here are the balances from people in that age group. and we've br
the share of our economy going to work has gone down. why? because of globalization where companies can source their labor any way they want all around the world often at lower prices where workers can't demand pay increases. so the connecting fiber here, joe, is high corporate profits because they've been able to lower their labor costs. which means lower family incomes. and that's really what's been going on in this economy. >> jean, the fall of 2008, terrible for a lot of people and...
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Mar 27, 2013
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>> better than the economy. better than what people expect by mid september. >> he said that last year. >> mick, thanks a lot. on tomorrow's show, the chairman of the house intelligence committee congressman mike rogers and former new jersey governor mcmcgreevey will be with us and actor ray liotta is back for his latest film. how is that for a lineup in "morning joe" back in a moment. ♪ for his latest film. how is that for a lineup in "morning joe" back in a moment. ♪ ♪ [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ [ engine revs ] do we hano.a mower? a trimmer? no. we got nothing. we just bought our first house, we're on a budget we're not ready for spring. well lets get you ready. very nice. you see the various colors. we got workshops every saturday. yes, maybe a little bit over here this spring, take on more lawn for less. not bad for our first spring. more saving. more doing. that's the power of the h
>> better than the economy. better than what people expect by mid september. >> he said that last year. >> mick, thanks a lot. on tomorrow's show, the chairman of the house intelligence committee congressman mike rogers and former new jersey governor mcmcgreevey will be with us and actor ray liotta is back for his latest film. how is that for a lineup in "morning joe" back in a moment. ♪ for his latest film. how is that for a lineup in "morning joe" back...
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Jan 25, 2013
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cuts alone won't invigorate and stimulate the economy. what's the republican plan that you've been able to surmise so far, been able to glean so far, what's their plan to actually grow the economy? it can't be cuts alone. >> yeah, i think it's the right question, and i will ask it, harold, because what ryan has talked about is a down payment on a debt crisis, trying to stay a couple steps ahead of where europe is. so that america has influence around the globe and can try to get to a growth posture. look, the president believes very firmly that part of how you get growth is by more investment, by more government spending on infrastructure and the like, particularly in new sectors to try to, you know, get companies more comfortable with the idea of investment. i don't know where that's going to come on the republican side. particularly becauseheir first-line belief is that until you get some kind of down payment on debt and reduce the size of government, you're not going to have enough confidence on the part of major companies to make thos
cuts alone won't invigorate and stimulate the economy. what's the republican plan that you've been able to surmise so far, been able to glean so far, what's their plan to actually grow the economy? it can't be cuts alone. >> yeah, i think it's the right question, and i will ask it, harold, because what ryan has talked about is a down payment on a debt crisis, trying to stay a couple steps ahead of where europe is. so that america has influence around the globe and can try to get to a...
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Mar 4, 2013
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>> on the economy. overall, still very strong. >> it is, but the budget -- you see the beginning of him getting dragged down and a protracted budget fight, okay. then john boehner could go from 15% to 12%. but the president was going to go down to, you know, 50% down to 45%. and then you lose your opportunity to try to do immigration. and i thought what was interesting is when the president totally, like, flips and says, this is not going to be the apocalypse. let's talk about the rest of my agenda. here's why i'm an optimist. because i think in six months, sequestration, washington's filled with known sequestrian. >> a known thespian. >> florida, 1950. >> against claude kirk. >> claude kirk -- not claude kirk, george smathers. gets peppered. >> his wife is a known thespian. >> which she was, an actress. >> i love florida. >> by september when you have the regular order as boehner calls it, house passes a budget, i actually think by then if these cuts do -- if -- we know they're going to be pain in cert
>> on the economy. overall, still very strong. >> it is, but the budget -- you see the beginning of him getting dragged down and a protracted budget fight, okay. then john boehner could go from 15% to 12%. but the president was going to go down to, you know, 50% down to 45%. and then you lose your opportunity to try to do immigration. and i thought what was interesting is when the president totally, like, flips and says, this is not going to be the apocalypse. let's talk about the...
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Oct 23, 2013
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i'm worried about obama administration policies postley that will hurt the economy. am i going to the republican party is if great shape. am i thrilled about the party? no the way to solve the party the biggest dangers politically is to establish of the republican, the surge of republicans going at each other. they can come together on a positive conservative reform agenda. that's i think the failure. it is the conservative health care reform plan in january. other than dodd-frank is hurting the economy. what itself the republican alternative? there isn't one. the financial services ". if they can get a conservative agenda. >> conservative, we remember in the early ''80s, the heritage foundation created an intellect chum justification for conservatism. the only reason we got elected in be 94, i always talked about '94, i joked, we had three republican alternatives to president clinton's health care plan john casic had an entire bipartisan budget. we actually had strong alternatives that captured america's imagination. america, that message isn't getting out these day
i'm worried about obama administration policies postley that will hurt the economy. am i going to the republican party is if great shape. am i thrilled about the party? no the way to solve the party the biggest dangers politically is to establish of the republican, the surge of republicans going at each other. they can come together on a positive conservative reform agenda. that's i think the failure. it is the conservative health care reform plan in january. other than dodd-frank is hurting...
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Jul 5, 2013
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how would a perfect president handle the economy? >> perfectly. >> there you go. >> millions of jobs. it would all be done. >> next segment. >> this is a hard one to build the perfect president on the economy because every economy of every age is different. >> well, not only that, we are still debating all these years later, whether the new deal worked or not. i mean -- >> right. >> in 2009, we had this huge debate and industrial output. >> it's a debate. >> versus whatever and blah-blah-blah. this is a question that never has a definite answer. >> you played a clip earlier of nothing to fear but fear itself after years of herbert hoover, the country was so depressed and very words of fdr gave them a black check with congress. i'm writing joe and mika, about the ccc, civilian conservation corps. fdr hired people all over the country to plant trees, billions of them, this was important because we had a dust bowl, a dead drought throughout the midwest. he built things like laguardia airport or the orange bowl in your state of florida o
how would a perfect president handle the economy? >> perfectly. >> there you go. >> millions of jobs. it would all be done. >> next segment. >> this is a hard one to build the perfect president on the economy because every economy of every age is different. >> well, not only that, we are still debating all these years later, whether the new deal worked or not. i mean -- >> right. >> in 2009, we had this huge debate and industrial output. >>...
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one, what does it do to the economy in the long term and short term? most economists now are saying, as bad as the defense industry believes it's going to be, as bad as you could argue it's going to be for some of the poorest people in this country, if you have the discussion we were having during the commercial break about krugman and how much debt you want to have, there is an argument to be made that if you want to start tackling it, tackle it, and the world is not going to stop. there is an argument to be made about that. the question is, when do you want to tackle it? some people would say, start tackling it now. but if you don't want to tackle it now and you want to push it out a year, you know, how much does that really advance the cause? >> you bring up krugman. he says let's not tackle it until 2025. >> he wouldn't tackle it for a very long time. >> is 2025 an option for most of the people that you -- >> probably not. >> probably not? >> the problem is that confidence in the markets doesn't evaporate in years or months. it evaporates in weeks
one, what does it do to the economy in the long term and short term? most economists now are saying, as bad as the defense industry believes it's going to be, as bad as you could argue it's going to be for some of the poorest people in this country, if you have the discussion we were having during the commercial break about krugman and how much debt you want to have, there is an argument to be made that if you want to start tackling it, tackle it, and the world is not going to stop. there is an...
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what about raising taxes while the economy is upside down? keynesians are supposed to be against that, too. >> we had a big debate in this country about that, whether you can raise taxes on the wealthiest and will it affect growth that much. i'm sure steve has the list of economists out there that says you can raise taxes on people over a million, give them a 30% mandatory tax rate earning over a million and wouldn't affect growth very much because of the kinds of things they're investing in. at the moment on the tax raises and how you do them, there's a debate. on spending cuts, you're dead right, you have to address medicare and that's the big one. you're right again, the president is not coming forward. there have been discretionary spending cuts. >> let's bring these tax increases to the real world. for me, i don't run a small business, thank god finally, i get a paycheck across my desk every two weeks. that's fantastic. raising taxes will not affect me. but i tell you what, i know a lot of small business owners who are carrying -- have t
what about raising taxes while the economy is upside down? keynesians are supposed to be against that, too. >> we had a big debate in this country about that, whether you can raise taxes on the wealthiest and will it affect growth that much. i'm sure steve has the list of economists out there that says you can raise taxes on people over a million, give them a 30% mandatory tax rate earning over a million and wouldn't affect growth very much because of the kinds of things they're investing...
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a terrible economy, an unpopular incumbent, and a positive message for the american voter. less than half of you are parasi parasites. and still, still, we lost. and, folks, with america's changing demographics, it only looks bleaker for republicans in the future. unless science can find a way for latino women to give birth to old, white men. where is the funding, koch brothers?! get on it! >>> here's a look at your business travel forecast. it's all about the arctic blast and the cold air that has settled in. in some cases, like d.c. to new york to boston, this is the coldest air in nearly two or three years. temperatures today, barely getting up into the 20s today, around new york and boston. d.c. at 27. there have been numerous areas of snow off the great lakes. be careful driving in those locations. otherwise, have a great day. double miles you can "actually" use. but with those single mile travel cards... [ bridesmaid ] blacked out... but i'm a bridesmaid. oh! "x" marks the spot she'll never sit. but i bought a dress! a toast... ...to the capital one venture card. fly
a terrible economy, an unpopular incumbent, and a positive message for the american voter. less than half of you are parasi parasites. and still, still, we lost. and, folks, with america's changing demographics, it only looks bleaker for republicans in the future. unless science can find a way for latino women to give birth to old, white men. where is the funding, koch brothers?! get on it! >>> here's a look at your business travel forecast. it's all about the arctic blast and the cold...
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Aug 6, 2013
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the new trend it set off is the sharing economy. >> sharing economy, that's what friedman talks about. brian, fascinating story how this happened. tell us about it. >> i went to school for design, living in los angeles. i want making much money. i had $1,000 in the bank. moved up to san francisco. the landlord said our rent was $1,10050. we had a math problem. my roommate and i said what if we turned this into a conference. we pulled air beds out of the closet. we called it the air bed and breakfast. if you would ask me i would be here five years later, i would have said you're crazy. home by home, block by block, in 34,000 cities now, you have half a million homes -- >> how do you organize this. what was the next step. >> how does it work? i don't love the air mattress. >> design conference it works. what do you do next? >> we thought that was it. i love that idea of air bed and breakfast. we're going to london. do you have any air beds. no, we don't. people started bringing this up. we thought maybe we could originally build a website to book air beds all over the country, the world
the new trend it set off is the sharing economy. >> sharing economy, that's what friedman talks about. brian, fascinating story how this happened. tell us about it. >> i went to school for design, living in los angeles. i want making much money. i had $1,000 in the bank. moved up to san francisco. the landlord said our rent was $1,10050. we had a math problem. my roommate and i said what if we turned this into a conference. we pulled air beds out of the closet. we called it the air...
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Jun 17, 2013
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>> on the economy it's pretty good. but there's a whole other part of discomfort, if you will, with some european leaders and it more has to do -- their reaction to president obama is just like any other politician's reaction to a politician that may not be as popular as they once were. president obama, the nsa things do not play well over here. there has been a frustration by some on the left in europe that president obama hasn't addressed the issue of climate change more aggressively. that's always been a much more important issue to europeans than it ever has been in the united states. and you sort of take all of that into account and so there certainly is -- you know, the shine has worn off. two years ago when president obama would come over here, you know, you know, figuratively throwing rose pe petals at his feet. he still has a huge audience a few hours ago in belfast for a speech he gave that was addressing northern ireland youth. he's going to get a huge number of people at the brandenburg gate when he makes th
>> on the economy it's pretty good. but there's a whole other part of discomfort, if you will, with some european leaders and it more has to do -- their reaction to president obama is just like any other politician's reaction to a politician that may not be as popular as they once were. president obama, the nsa things do not play well over here. there has been a frustration by some on the left in europe that president obama hasn't addressed the issue of climate change more aggressively....
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this was a huge economy, a big-state budget, a university system. they had to do something about the mental health institutions, for example, in the state. and it was exploding in terms of population. so by the time he got to washington, he had really been through a trial by fire, and he was ready for what he knew he had to do on behalf of the country. he had also -- people ought to remember this -- he had been through a really tough campaign. george bush 41 beat him in iowa in the opening of the primaries. >> in '80. >> in '80. he was prepared in a way for what he arrived at. and i think it's worth remembering. >> so let's take a trip down memory lane. >> oh, i like that. >> i love doing this. here's a clip of tom brokaw in 1967. >> what? >> yeah. watch this. >> interviewing dwight eisenhower during eisenhower's visit to see then-governor and presidential candidate ronald reagan. wow! >> almost four years ago now you encouraged all republicans who thought that they might be candidates for president to get into the race. do you still stand by that f
this was a huge economy, a big-state budget, a university system. they had to do something about the mental health institutions, for example, in the state. and it was exploding in terms of population. so by the time he got to washington, he had really been through a trial by fire, and he was ready for what he knew he had to do on behalf of the country. he had also -- people ought to remember this -- he had been through a really tough campaign. george bush 41 beat him in iowa in the opening of...
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less, contracts the economy. you've had a very dramatic effect, more than we've ever seen before. this shows the effect on gdp when the budget is more in a deficit position, when it's more -- less in a deficit position, even surplus position back in the day. what you can see again at the time of the obama stimulus you had a positive effect, from three percentage points on gdp. look where we are today it's a 1.5% negative which means 1.5 million jobs cost because the deficit is coming down. one other related point, you can buy insurance on the government default. it's part of the whole credit and derisktives market. if you look at what's happened to the cost of that insurance over the past couple days literally you can see after -- this was the last budget crisis we had at the end of last year, went up to that level. you can see it spiking right here, came down a little on friday. if this goes on you'll see it continue to spike and raises the cost of the government's debt, loses confidence in america. not a good s
less, contracts the economy. you've had a very dramatic effect, more than we've ever seen before. this shows the effect on gdp when the budget is more in a deficit position, when it's more -- less in a deficit position, even surplus position back in the day. what you can see again at the time of the obama stimulus you had a positive effect, from three percentage points on gdp. look where we are today it's a 1.5% negative which means 1.5 million jobs cost because the deficit is coming down. one...
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it's a one dimensional economy. it's a country economically and politically controlled by a handful of people. it's a spoiler. >> do you agree with john mccain's critique of the president? >> that's where i disagree with john which is, okay, but they're still out there, they city matter. they can supply arms to the syrians. look, we don't like 'em but what's the best way to deal with 'em? one option for the president would have been going to moscow. having a really tough meeting with putin. and then going public. look, putin is worried more than anything else about his domestic political base. he's worried about a moscow spring. he knows he has virtually no political legitimacy. what happens if people come out in the streets? does putin kill them? whatever little legitimacy he has, that shred of it disappears. all i'm saying is we need a long-run approach. meanwhile, kerry and hagel are meeting with their counterparts. like it or not, the russians can be spoilers. whether we go to moscow this time or not. >> i thoug
it's a one dimensional economy. it's a country economically and politically controlled by a handful of people. it's a spoiler. >> do you agree with john mccain's critique of the president? >> that's where i disagree with john which is, okay, but they're still out there, they city matter. they can supply arms to the syrians. look, we don't like 'em but what's the best way to deal with 'em? one option for the president would have been going to moscow. having a really tough meeting...
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grow the economy by 5.4% ... and take bold steps to secure our borders. on this, both parties say they agree: democrats... we are very very strongly in favor of moving immigration reform... and republicans... i wouldn't underestimate the house's ability to pass the immigration bill... and yet, we wait... americans are tired of empty rhetoric. it is time for every leader to come through on their promise... and fix our broken immigration system tell congress: the time is now. fix america's broken immigration system. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. . >> welcome back to "morning joe." time for sports. >> stop looking. >> mika is reading twitter again. >> mover allegations against richie incognito, they say he and one other pl
grow the economy by 5.4% ... and take bold steps to secure our borders. on this, both parties say they agree: democrats... we are very very strongly in favor of moving immigration reform... and republicans... i wouldn't underestimate the house's ability to pass the immigration bill... and yet, we wait... americans are tired of empty rhetoric. it is time for every leader to come through on their promise... and fix our broken immigration system tell congress: the time is now. fix america's broken...
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wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. there was this and this. she got a parking ticket... ♪ and she forgot to pay her credit card bill on time. good thing she's got the citi simplicity card. it doesn't charge late fees or a penalty rate. ever. as in never ever. now about that parking ticket. [ grunting ] [ male announcer ] the citi simplicity card is the only card that never has late fees, a penalty rate, or an annual fee, ever. go to citi.com/simplicity to apply. >>> a mother of seven devout mormon and any accused male mule? she is in a mexican jail accusing of trying to smuggle marijuana from a mexican town to arizona aboard a bus. she and her gary were returning home after a funeral for her aunt a week ago and the bus was stopped and they found marijuana under her seat. they are accused mexican authorities of a setup and her husband just wants it to end. >> it is so bizarre. down here and so different that we are not used to it and this process and i
wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. there was this and this. she got a parking ticket... ♪ and she forgot to pay her credit card bill on time. good thing she's got the citi simplicity card. it doesn't charge late fees or a penalty rate. ever. as in never ever. now about that parking ticket. [ grunting ] [ male announcer ] the citi simplicity card is the only card that never...
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but they will not collect or ransom in exchange for not crashing the america economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> you know, it looks like republicans are up against another wall. but they're not going to be able to get -- they're not going to be able to get, quite frankly, some things they really want, if they're serious, are important. spending issues. but this is -- he's got them again. >> here's the problem with the republican party being owned by extremists on issues not related to the debt. let me tell you something, the president of the united states, it's laughable that he would talk about republicans not being responsible on debt issues when this president has been in the white house since january the 20th, 2009, and he has yet to do anything significant on social security or medicare. he cut medicare, so he could start a new entitlement program. that's not making medicare more solvent. he hasn't done anything to curb the costs
but they will not collect or ransom in exchange for not crashing the america economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> you know, it looks like republicans are up against another wall. but they're not going to be able to get -- they're not going to be able to get, quite frankly, some things they really want, if they're serious, are important. spending issues....